Thursday, January 23 2020 11:41

ArmInfo. The Armenia-European Union Investment Forum is of great importance in  terms of determining its strategic goals. This was announced at the  first meeting of the interdepartmental commission on the organization  of the forum by Deputy Prime Minister Tigran Avinyan.

According to the press service of the Government of Armenia, the meeting of the  commission was attended by the head of the Eastern Neighborhood  Regional Programs Department at the Directorate General for  Neighborhood and Enlargement of the European Commission Vasilis  Maragos and the head of the EU delegation to Armenia, Ambassador  Andrea Victorin.

The Vice Prime Minister emphasized that one of the main goals of the  forum will be to attract foreign investment, establish new business  ties, and most importantly, deepen and further strengthen political  and economic relations with the European Union. It must comply with  the long-term economic priorities of the state. The goal of the forum  should be not so much raising investor awareness about Armenia, but  rather forming more specific and real business relations and  attracting foreign investments to the target areas of development of  the Armenian economy. <Armenia already has experience in holding  investment conferences. The lessons learned from previous events  should be taken into account, avoiding the repetition of past  mistakes and drawing on successful examples, "Tigran Avinyan  emphasized.

In his opinion, to increase the effectiveness of the forum, it is  necessary choose two or three, maximum four target topics in which  there is great potential for attracting investment and further  development.  "Our goal should be to be modern for advanced and  promising, modern technologies and the development of human capital.  At the same time, we need to focus not on short-term opportunities,  but on long-term ones, in particular, on research and development,  innovation and a green economy, "said the deputy head of government.

Tigran Avinyan emphasized that a feature of the upcoming event should  also be ensuring multilateral cooperation. "The forum should not be  seen as a platform for numerous state programs, but as an exceptional  opportunity to attract financing in large private sector investment  projects in which the state will partner and create a favorable  environment for investments and provide guarantees for their  protection.  In addition, the conference format will allow daily  communicate with the private sector, expert groups and development  partners, "said the Deputy Prime Minister.

In turn, RA Minister of Economy Tigran Khachatryan stated that the  government plans to introduce a new model of holding investment  forums - the first in this series is the Armenia-EU conference. He  added that the initial proposals of the conference include issues  such as infrastructure, green economy, agriculture, high technology  and innovation. 

During the discussions, it was noted that the Ministry of Economy of  the RA will organize the forum. At a meeting of the commission were  also discussed approaches and budget for organizing the forum, a  schedule of events has been determined.